"The justification for student debt as the primary way we pay for college has been in part based on the assumption that we’ll have consumer protections in place, and we’ll try to make it as painless as possible for people."
The dramatic rise in student loan debt has placed unacceptable risk on working-class families and on people of color, who must take on more debt for the same degree as white students.
"The potential of this plan is that it increases public investment back to levels we saw when college was much more affordable, and it pegs it to a price for students."
“To the extent we have had baby boomers running for president for the past few decades, they got an education in a world when you did not have to take on debt."
Demos strongly supports the Climate and Community Protection Act (CCPA) that will protect and strengthen climate-impacted Latinx communities by reducing climate pollution and targeting clean energy investment based on principles of equity and racial justice.
If we want to pass climate policies that could actually help reverse the climate crisis, then we also need to fix our democratic system that gives too much power to wealthy donors and big polluters.
“There are massive benefits to institutions, to students themselves in the long term in being more diverse and having a set of students from different backgrounds.”
Today, Demos proposed establishing a public credit registry, housed in the Consumer Financial Protection Bureau, as an essential part of a larger effort to reshape rules around debt and lending in order to reduce racial wealth inequality.
The marquee bill, which features improvements to voting, campaign finance, and ethics laws, addresses the deep political, racial, and economic inequalities that plague our democracy.
A system of Fair Elections for New York State will not only allow for candidates from diverse communities to compete, but it will help build lasting political power for communities of color.
On Friday, February 15, Lew Daly, Senior Policy Analyst at Demos, testified in support of New York State’s Climate and Community Protection Act. Following is Daly’s statement on the bill:
New York State’s Climate and Community Protection Act (CCPA) is a bold and necessary climate action policy for the people of New York. It will establish the strongest mandate for economy-wide greenhouse gas emissions reductions in the country, requiring a 50 percent reduction by 2030 and set a timeline for achieving a 100 percent renewable energy economy by 2050.
Loans may be one solution for helping students afford college and increase achievement, but grants that don't have to be repaid is another. The researchers are working on a new study that examines the academic effects of federal loans versus grant aid and agree that the effects of the federal Pell Grant may be stronger on academic performance, Marx said.
Climate change poses an existential challenge to the planet. But the effects of climate change have fallen disproportionately on communities of color and working families. And the reality is that climate change has been accelerated by a coalition of corporations, donors, and policymakers who have adopted a willful blindness toward these dangers to our communities and our planet.